On Saturday, December 7, Casablanca became the center of Africa’s sustainability dialogue as the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock Exchange hosted a pivotal meeting of the Marrakech Pledge. The session, focused on aligning with the latest international standards in sustainability and ESG (Environment, Social, Governance) reporting, drew participation from leading financial regulators and institutions across the continent.
Joining the AMMC and the Casablanca Stock Exchange were representatives from the Financial Markets Authority of the West African Monetary Union (AMF UMOA), the Central Africa Financial Market Supervisory Commission (COSUMAF), the Capital Markets Commission of Angola (CMC), the Capital Markets Authority of Uganda (CMA), and the West African Regional Stock Exchange (BRVM).
First introduced at the COP22 in Marrakech in 2016, the Marrakech Pledge is a uniquely African initiative uniting the continent’s regulators and stock exchanges. It aims to foster sustainable development and green finance in Africa. This latest meeting continues the momentum from October 2022, when six new signatories joined the pledge during the annual conference of the International Organization of Securities Commissions (IOSCO).
The December 7 meeting provided a platform for assessing ESG policies and practices across Africa. Participants exchanged insights on their respective approaches and initiatives aimed at advancing green finance.
A recurring theme was the importance of capacity building to equip market players with the tools to implement ESG frameworks effectively, peer-to-peer learning to facilitate knowledge-sharing among African regulators and institutions, and the Marrakech Pledge website as a central hub for sharing experiences and best practices in sustainable finance.
This gathering reaffirmed the commitment of Marrakech Pledge members to lead Africa’s transition toward a greener, more sustainable financial ecosystem. By pooling resources and expertise, the initiative aims to position the continent at the forefront of global green finance innovatio
